Ireland: Ketone And Quinone Market 2024

Ketone And Quinone Market Size in Ireland

In 2021, the Irish ketone and quinone market decreased by -6.1% to $X, falling for the second consecutive year after eight years of growth. In general, consumption, however, saw a strong increase. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Ketone And Quinone Exports

Exports from Ireland

In 2021, after three years of decline, there was significant growth in shipments abroad of ketones and quinones, when their volume increased by 61% to X tons. Over the period under review, exports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2013 with an increase of 166%. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, ketone and quinone exports soared to $X in 2021. In general, exports recorded a strong expansion. The pace of growth was the most pronounced in 2015 with an increase of 652% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The UK (X tons) was the main destination for ketone and quinone exports from Ireland, with a 74% share of total exports. Moreover, ketone and quinone exports to the UK exceeded the volume sent to the second major destination, the United States (X tons), eightfold. The third position in this ranking was taken by Singapore (X tons), with a 6.5% share.

From 2012 to 2021, the average annual growth rate of volume to the UK amounted to +16.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+34.9% per year) and Singapore (+136.4% per year).

In value terms, Singapore ($X), the United States ($X) and the UK ($X) appeared to be the largest markets for ketone and quinone exported from Ireland worldwide, with a combined 66% share of total exports.

Among the main countries of destination, Singapore, with a CAGR of +138.1%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average ketone and quinone export price amounted to $X per ton, which is down by -24.5% against the previous year. Over the period under review, the export price showed a noticeable shrinkage. The pace of growth was the most pronounced in 2015 when the average export price increased by 1,225% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2016 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Singapore ($X per ton), while the average price for exports to the UK ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Myanmar (+170.0%), while the prices for the other major destinations experienced more modest paces of growth.

Ketone And Quinone Imports

Imports into Ireland

In 2021, purchases abroad of ketones and quinones decreased by -15.1% to X tons, falling for the second year in a row after two years of growth. Over the period under review, total imports indicated a tangible increase from 2012 to 2021: its volume increased at an average annual rate of +3.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -27.3% against 2019 indices. The growth pace was the most rapid in 2019 with an increase of 31%. As a result, imports attained the peak of X tons. From 2020 to 2021, the growth of imports remained at a lower figure.

In value terms, ketone and quinone imports declined modestly to $X in 2021. In general, imports, however, posted strong growth. The most prominent rate of growth was recorded in 2015 with an increase of 39% against the previous year. Imports peaked at $X in 2020, and then shrank slightly in the following year.

Imports by Country

The United States (X tons), Germany (X tons) and Belgium (X tons) were the main suppliers of ketone and quinone imports to Ireland, together comprising 73% of total imports. The UK, Italy, Spain and China lagged somewhat behind, together comprising a further 22%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +45.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of ketones and quinones to Ireland, comprising 47% of total imports. The second position in the ranking was held by Germany ($X), with a 13% share of total imports. It was followed by the UK, with a 9.2% share.

From 2012 to 2021, the average annual growth rate of value from the United States stood at +34.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+6.4% per year) and the UK (-2.5% per year).

Import Prices by Country

The average ketone and quinone import price stood at $X per ton in 2021, rising by 16% against the previous year. Over the period under review, the import price continues to indicate prominent growth. The growth pace was the most rapid in 2016 an increase of 41% against the previous year. Over the period under review, average import prices hit record highs in 2021 and is likely to continue growth in years to come.

Prices varied noticeably country of origin: the country with the highest price was China ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+13.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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